Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Bitcoin (BTC)
  • Cryptocurrency
  • News

New Survey: Bitcoin Market is not in a Bear State

Larry Wright July 18, 2021 2 min read

Finder.com is a survey and data collection enterprise. To take an objective look at one of the most frequently asked questions today about Bitcoin bear or bull market state, Finder.com arranged a crypto survey. The survey took the opinion of 24 crypto market experts to answer important questions relating to the Bitcoin market trends.

Around 62% of the respondents claimed that Bitcoin is not in a bear market. In comparison, 61% of the participants claimed that the current value of Bitcoin is undervalued. The panelist believes that factors like price history, the increasing impact of the fundamentals, buying interest, and new entities are responsible for keeping Bitcoin out of the bear market.


trade now

According to the crypto expert panel, more than 50,000 entities have been visiting the blockchain daily. Furthermore, the weekly entity net growth readings for Bitcoin are much higher in comparison to the start of the current year. The panel also noted that Bitcoin prices were higher in the starting months of 2021. As per data compiled by the crypto market analytics The Block, the on-chain entities volumes have been falling steadily since May.

The daily transaction volume has fallen from $16 billion to $6 billion at present, which shows that the traders have been distancing from the network. Keeping on the same route, the panel also suggests that Bitcoin prices will be valued at $318,417 by 2025. This amount has been predicted, keeping in mind the inflation ratios and the halving events.

Mainstream Adoption of Cryptocurrencies Requires a Decade

Only 33% of the panelists believe that cryptocurrencies will become a preferred mode of payment in the next ten years. The experts took into consideration El Salvador’s decision to adopt Bitcoin as a legal tender and the crypto adoption in Venezuela to combat hyperinflation. However, these experts postulated that several factors might hinder the faster adoption of virtual currencies.

Many reports claim that the citizens and small businesses seem to be reluctant to switch to crypto payments on a retail scale. A good number of people claim that they do not understand cryptocurrencies and how they work. On the federal scale, there is a drought of a regulatory framework. For regions like El Zonte, the issues like lack of education, internet, and power supply can also hinder the wider adoption of Bitcoin.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Former Treasury Secretary Changes his Harsh Stance Towards Bitcoin
Next: Binance Burns Over 1.2 Million BNB  

Related Stories

Philippines SEC Seeks More Power Over The Crypto Sector 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation

Philippines SEC Seeks More Power Over The Crypto Sector 

January 31, 2023
Web3-based Security Provider Hypernative Nets $9M in Seed Funding
3 min read
  • Cryptocurrency
  • News
  • Scam / Hack
  • Technology
  • Web3

Web3-based Security Provider Hypernative Nets $9M in Seed Funding

January 31, 2023
SEC Kickstart Investigation Of Investment Advisers Over Digital Asset Custody Trade Galactica security
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • ETF (Exchange Traded Fund)
  • News
  • Regulation

SEC Kickstart Investigation Of Investment Advisers Over Digital Asset Custody

January 31, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$23,123.00
1.12%
ethereum
Ethereum (ETH)
$1,585.99
0.88%
tether
Tether (USDT)
$1.00
0.13%
usd-coin
USD Coin (USDC)
$1.00
0.10%
binancecoin
BNB (BNB)
$312.57
0.92%
ripple
XRP (XRP)
$0.403968
2.65%
binance-usd
Binance USD (BUSD)
$1.00
0.09%
cardano
Cardano (ADA)
$0.388729
4.10%
dogecoin
Dogecoin (DOGE)
$0.095472
2.90%
polkadot
Polkadot (DOT)
$6.26
0.45%

Recent Posts

  • Philippines SEC Seeks More Power Over The Crypto Sector 
  • Web3-based Security Provider Hypernative Nets $9M in Seed Funding
  • SEC Kickstart Investigation Of Investment Advisers Over Digital Asset Custody
  • US Senator Cruz Wants Capitol Vending Machines To Accept BTC 
  • US’ Investors’ Large BTC Accumulations Is A Positive Sign For Cryptocurrency – Matrixport
  • North Korean Hackers Target Crypto Users With Fake Job Offers – Report
  • Kin Foundation Develops a Solana-Based Application Kinetic for Developers
  • Deribit Exchange Considers Moving To Dubai
  • Crypto Mixers Laundered $7.8 Billion In 2022 – Chainalysis Report
  • Charles Hoskinson’s Health Clinic Will Support ADA Payments
  • Celsius Diverted Customer Funds to Settle Withdrawals
  • Bitcoin and Ethereum Prices Drop as Market Prepares for Fed Rate Hikes
  • SEC Commissioner Wants Consistent Legal Framework For All Digital Assets
  • Binance Team Up with MasterCard to Introduce Prepaid Crypto Card in Brazil
  • Norway Emerges Europe’s Largest Crypto Mining Hub

Categories

You may have missed

Philippines SEC Seeks More Power Over The Crypto Sector 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation

Philippines SEC Seeks More Power Over The Crypto Sector 

January 31, 2023
Web3-based Security Provider Hypernative Nets $9M in Seed Funding
3 min read
  • Cryptocurrency
  • News
  • Scam / Hack
  • Technology
  • Web3

Web3-based Security Provider Hypernative Nets $9M in Seed Funding

January 31, 2023
SEC Kickstart Investigation Of Investment Advisers Over Digital Asset Custody Trade Galactica security
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • ETF (Exchange Traded Fund)
  • News
  • Regulation

SEC Kickstart Investigation Of Investment Advisers Over Digital Asset Custody

January 31, 2023
US Senator Cruz Wants Capitol Vending Machines To Accept BTC 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Crypto Trading
  • Cryptocurrency
  • News
  • Regulation
  • Stablecoin

US Senator Cruz Wants Capitol Vending Machines To Accept BTC 

January 31, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%